Inflation Poll
Inflation Poll
23 members have voted
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1. When it comes to the currently elevated levels of inflation in the US, which factor do you blame most for rising prices? (Your answer doesn't have to discount the other two choices as contributing factors, it's just the one choice of the three which you think is most important to current inflation)
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Government stimulus efforts in response to COVID-19(consisting of both fiscal and monetary policy)
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Global supply chain disruptions caused by COVID-19
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Corporate price gouging
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2. The Federal Reserve has announced rough plans for a total of 7 hikes in its primary interest rate in 2022, with the first hike of 0.25% being announced on Wednesday and a median prediction for rates to be at 1.9% by the end of the year. How do you feel about this approach?
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It needs to be much more aggressive - ruthlessly and rapidly raise rates to bring down inflation, Volcker Shock style.
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It needs to be more aggressive - raise rates more aggressively while still taking care to prevent a major economic downturn.
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I agree with the path set out by the Federal Reserve to bring inflation down.
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It needs to be less aggressive - raise rates less aggressively to prevent a recession and maintain growth.
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The Fed should be keeping its primary rate at 0-0.25% and let inflation sort itself out.
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3. Should the Federal Government be reducing its deficit to help curb inflation?
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Yes, the Federal Government should be reducing its deficit to help lower demand and reduce inflation.
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The Federal Government should maintain current levels of spending, taking care not to spend more into an overheated economy but not taking direct action to reduce inflation.
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No, the Federal Government should be increasing the deficit to address the key issues facing the American people beyond inflation. Inflation control should be left as a monetary matter to the Federal Reserve.
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4. Do you believe price controls would be an effective response to rising consumer prices?
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Yes.
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No.
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No idea/no opinion.
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5. How have rising prices affected your view of the Joe Biden Presidency?
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Very negatively.
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Negatively.
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No change.
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Positively.0
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Very positively.0
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